Hindustan Zinc Limited · NSE:HINDZINC
Hindustan Zinc — Q2 FY2027 Earnings Presentation
35 slides from Hindustan Zinc's earnings presentation, Oct 19, 2026
Slide 1: Exchange filing cover letter for investor presentation
HZL/2026-27/SECY/98 October 19, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Plot No., C/l, G Block Dalal Street, Fort Bandra-Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Kind Attn: General Manager – Department Kind
Slide 2: Earnings Presentation 2QFY27
E AR N I N G S PRESENT AT IO N 2QFY27 HINDUSTAN HIN ZINC LIMITED World’s Largest Integrated Zinc Producer
Slide 3: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer Cautionary The views expressed here may contain information derived from publicly available sources that have not been independently verified. Statement and No representation or warranty is made as to the accuracy, completeness, reasonableness, or reliability of t
Slide 4: Index of Contents
Index of Contents Index of Contents 04 04 Key Highlights Key Highlights 08 08 Sustainability Update Sustainability Update 12 12 Market Update Market Update 16 16 Operational and Project Update Operational and Project Update 20 20 Financial Review Financial Review 24 24 Appendix Appendix Earnings Pre
Slide 5: Record Volumes and Lower Cost Drive Highest-ever Financial Performance
Record Volumes and Lower Cost Drive Highest-ever Financial Performance Record Volumes and Lower Cost Drive Highest-ever Financial Performance Record 2Q Production Highest-ever Financial Zinc COP Strong Free Cash Performance Flow Mined metal production Revenue from operations Zinc cost of production
Slide 6: Unique Positioning in Metals & Mining and Energy Transition Space
Unique Positioning in Metals Mining and Energy Transition Space Unique Positioning World’s 2nd Largest World’s Largest Zinc & Lead Metal Reserves & Integrated Zinc Producer Resources with 25+ years of mine life in Metals & Mining and Energy Ranked 1st World’s Largest in Metals & Mining sector in Zin
Slide 7: Building A Multi-metal Ecosystem Under India's Critical Mineral Mission
Building A Multi-metal Ecosystem Under India’s Critical Mineral Mission Building A Multi-metal Ecosystem Under India’s Critical Mineral Mission Poised to lead India's critical minerals ecosystem through diversification, systematic exploration, and sustainable resource development Zinc underpins the
Slide 8: Building the intelligent and automated operations of tomorrow
Building the intelligent and automated operations of tomorrow Building the intelligent and automated operations of tomorrow Smarter, connected & efficient operations Technology already Intelligence running Advancing digital and running at Mines in Smelters AI integration • Pre-crush rock fragmentati
Slide 9: Sustainability Update
Sustainability Update Mr. Amarendu Prakash | CEO Earnings Presentation 2QFY27 8
Slide 10: 2QFY27 ESG Highlights
2QFY27 ESG Highlights ▪ 27% RE power out of overall power consumption ▪ HZAPL is now sourcing 100% power from RE sources Future ready today for a sustainable tomorrow ▪ Flagged off 1st EV crane of Rajpura Dariba Complex and 1st EV cherry-picker at Rampura Agucha ▪ Partnership with ICFRE–AFRI to esta
Slide 11: Key ESG Performance Metrics
Key ESG Performance Metrics Key ESG Performance Metrics TRIFR Waste Recycling % 2.6 30 31 31 31 31 30 30 2.2 1.9 1.8 1.6 1.3 1.2 Circular Zero Harm Economy FY21 FY22 FY23 FY24 FY25 FY26 1HFY27 FY21 FY22 FY23 FY24 FY25 FY26 1HFY27 Fatalities GHG intensity (Scope 1 + 2)/MT 5.2 7 5.0 4.7 4.6 4.6 4.6 4
Slide 12: Empowering Communities, Changing Lives
Empowering Communities, Changing Lives Empowering Communities, Changing Lives FY2026 Highlights Education Sports & Culture ₹ 278.15 Cr 6 Initiatives 2 Initiatives 1,44,300+ Beneficiaries 4,300+ Beneficiaries CSR Spend Sustainable Health, Water & c.2.6 million Livelihood Sanitation Lives Benefitted 3
Slide 13: Market Update
Market Update Mr. Amarendu Prakash | CEO Earnings Presentation 2QFY27 12
Slide 14: India's Strong Growth and Sustained Capex Support a Robust Demand Outlook
India’s Strong Growth and Sustained Capex Support a Robust Demand Outlook India’s Strong Growth and Sustained Capex Support a Robust Demand Outlook India is the fastest growing economy in the world Global manufacturing PMI 65 GDP % 2025 2026f 2027f 60 7.7 6.7 6.4 55 4.6 5 4.1 50 3.5 3.4 2.3 2.2 3 2.
Slide 15: Tight Inventories and Supply Disruptions Driving a Zinc Market Deficit Globally
Tight Inventories and Supply Disruptions Driving a Zinc Market Deficit Globally Tight Inventories and Supply Disruptions Driving a Zinc Market Deficit Globally Continued supply disruptions supporting zinc prices strength Zinc prices set to remain resilient 250 14,000 500 4,000 200 300 3,500 150 13,0
Slide 16: Global Silver Market Tightening Amid Structural Supply Constraints
Global Silver Market Tightening Amid Structural Supply Constraints and Rising Industrial Demand Global Silver Market Tightening Amid Structural Supply Constraints and Rising Industrial Demand Silver market heading towards sixth straight year of deficit in 2026 as composition of demand is shifting ma
Slide 17: Operational and Project Update
Operational and Project Update Mr. Amarendu Prakash | CEO Earnings Presentation 2QFY27 16
Slide 18: Record Operational Performance Amongst Lowest Cost Producers Globally
Record Operational Performance Amongst Lowest Cost Producers Globally Record Operational Performance Amongst Lowest Cost Producers Globally Mined Metal Production (KT) Refined Metal Production (KT) Zinc Cost of Production ($/MT)* Up by 3% Up by 6% 523 539 496 524 Up by 5% Up by 7% Better by 29% Bett
Slide 19: India's Only Primary Silver Producer Uniquely Positioned to Ride the Silver Wave
India’s Only Primary Silver Producer Uniquely Positioned to Ride the Silver Wave India’s Only Primary Silver Producer Uniquely Positioned to Ride the Silver Wave As silver shines globally, Hindustan Zinc is uniquely positioned to capture the upcycle Significant value unlock potential exists, as the
Slide 20: Projects Update
Projects Update Projects Update 250 KTPA Integrated Refined India’s First Zinc Tailings 01 Zinc Capacity Expansion 02 Reprocessing Plant Transforming waste into valuable resources while At Debari contributing significantly to circular economy Refined metal Total approved Target Feed Total approved T
Slide 21: Financial Review
Financial Review Mr. Amit Gupta | CFO Earnings Presentation 2QFY27 20
Slide 22: Financial Performance at an All-time High
Financial Performance at an All-time High Financial Performance at an All-time High Revenue EBITDA & EBITDA margin Net Profit & EPS Highest-ever quarterly & half year Highest-ever quarterly and half year Record quarterly and half year EBITDA with industry-leading EBITDA Revenue from operations Net P
Slide 23: Delivering Superior Shareholder Returns
Delivering Superior Shareholder Returns Delivering Superior Shareholder Returns A disciplined capital allocation framework — investing for growth, preserving financial strength and a dividend policy — is delivering shareholder returns consistently ahead of the market. Total Shareholder Returns in 1H
Slide 24: Why Hindustan Zinc – India's most valued metals and mining company
Why Hindustan Zinc – India’s most valued metals and mining company Why Hindustan Zinc – India’s most valued metals and mining company Global Leadership Growth Vision Financial Strength Sustainability • World's largest integrated zinc • 2.0 MTPA refined metal capacity • Among the world's lowest-cost
Slide 25: Appendix
Appendix Earnings Presentation 2QFY27 24
Slide 26: EBITDA Bridge YoY (2QFY27 vs 2QFY26)
EBITDA Bridge YoY (2QFY27 vs 2QFY26) EBITDA Bridge YoY (2QFY27 vs 2QFY26) (All figures in ₹ crore unless stated otherwise) 322 9,285 627 (17) 987 8,353 2,899 4,467 2QFY26 Prices Fx Adj. EBITDA Volume Cost Marketing 2QFY27 & others Note: All figures are at consolidated level Earnings Presentation 2QF
Slide 27: Income Statement
Income Statement Income Statement Revenue from operations 2Q 1Q 1H 2Q was up, driven by higher metal prices, increased metal In ₹ Crore production, higher by-product realisation, and a stronger FY27 FY26 FY27 FY27 dollar. Revenue 14,582 8,282 13,033 27,615 EBITDA • Other operating income 511 267 714
Slide 28: Consolidated Performance Summary (1/2)
Consolidated Performance Summary (1/2) Consolidated Performance Summary (1/2) Quarter Half Year Production (in ’000 tonnes, or as stated) 2QFY27 2QFY26 % YoY 1QFY27 % QoQ FY27 FY26 Mined metal content 271 258 5% 268 1% 539 523 Refined metal 264 246 7% 260 1% 524 496 Refined Zinc1 212 202 5% 213 (0.4
Slide 29: Consolidated Performance Summary (2/2)
Consolidated Performance Summary (2/2) Consolidated Performance Summary (2/2) Quarter Half Year Financials (₹ crore, except as stated) 2QFY27 2QFY26 % YoY 1QFY27 % QoQ FY27 FY26 Revenue from operations 15,093 8,549 77% 13,747 10% 28,840 16,320 Zinc 8,224 5,354 54% 7,304 13% 15,528 10,289 Lead 1,130
Slide 30: Commodity, Currency and COP Sensitivities
Commodity, Currency and COP Sensitivities Commodity, Currency and COP Sensitivities Impact of change in Commodity Prices on annual EBITDA Commodity Change Impact on EBITDA (₹ crore) Zinc $100/MT 725-750 Lead $100/MT 150-175 Silver $1/toz 200-225 Impact of exchange rate change on annual EBITDA Curren
Slide 31: Awards and Recognition | 2QFY27
Awards and Recognition | 2QFY27 Awards and Recognition | 2QFY27 Recognition for sustainable procurement Recognition for 10 MTPA zinc tailings practices reprocessing plant Platinum and Gold awards at the 01 Royal Society for the Prevention of Accidents (RoSPA) Gold award for 02 ET Edge - The Times Gr
Slide 32: Strong Corporate Governance - Leading Reporting Practices
Strong Corporate Governance - Leading Reporting Practices Strong Corporate Governance - Leading Reporting Practices Integrated Annual Report Digital Integrated Annual Report Integrated Digital Tax Transparency Report Annual Integrated Tax Report Annual Report Transparency Report Taskforce On Nature-
Slide 33: Group Structure of Hindustan Zinc Limited
Group Structure of Hindustan Zinc Limited Group Structure of Hindustan Zinc Limited Government of India Government Public of India Public 60.71% 27.92% 11.37% Wholly-owned Subsidiaries Hindustan Zinc Vedanta Zinc Hindustan Zinc Hindmetal Zinc India Alloys Private Football and Fertilizers Private Exp
Slide 34: Earnings Call Dial-In Details
Earnings Call Dial-In Details Earnings Call Dial-In Details Earnings Call on Monday, Oct 19, 2026, The Company will hold an earnings conference call where senior management will at 16:00 hours (IST) discuss the Company’s results and performance. Conference Dial-In Information: Express Join via inter
Slide 35: Thank You
THANKYOU hzl.ir@vedanta.co.in hzl.ir@vedanta.co.in